Why trust Ramp?
Ramp is a spend management platform used by over 15,000 businesses for easy-to-use cards, spend limits, approval flows, vendor payments, and more. Ramp has merchant data on over 1 million unique acceptors, over 8x more than other credit card charge databases. Merchant charges aren’t always recognizable on card statements, and Ramp’s exhaustive dataset is the most reliable way to better understand where and why charges are appearing on your statements.
Best Buy is a multinational retailer of electronics and home appliances. It was founded in 1966 and is currently headquartered in Minnesota, United States. Best Buy operates over 1000 stores in North America and is known for its wide range of products, including computers, smartphones, TV and home theater equipment, video games, appliances, and more. The company also provides various services such as installation, repair, and support services. Best Buy's mission is to enrich lives with technology, providing customers with expert advice, competitive prices, and quality products.
Top 5 products and services provided by Best Buy:
- Electronics: Best Buy is known for a massive selection of electronics, including laptops, desktops, tablets, smartphones, smartwatches, cameras, and other gadgets.
- Appliances: Best Buy offers a wide variety of major and small home appliances, including refrigerators, washing machines, air conditioners, microwaves, coffee makers, and more.
- Home theater: The company provides customers with high-quality home theater equipment, including TVs, soundbars, projectors, headphones, and speakers.
- Geek Squad: This service provides technical assistance, installation, repair, and support for all types of electronic products, including computers, tablets, smartphones, and home theater systems.
- Best Buy Mobile: This service provides customers with a range of mobile services, such as smartphone activation, upgrades, and repair. Best Buy also offers mobile phone plans from major carriers.
“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects.”
Audrey Carroll
Senior Manager, Accounting, Ramp
